Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.32%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

CPC market share reduced from 90% to 70% after SINOPEC entered into the market

EnergyApr 28, 2024
CPC market share reduced from 90% to 70% after SINOPEC entered into the market

The liberalization of fuel distribution in Sri Lanka has indeed led to a significant reduction in the market share of CPC, from 90% to 70%. The entry of SINOPEC into the market last year has played a key role in this shift, particularly due to CPC's difficulties in sourcing the required foreign exchange.

SINOPEC's entry has been notable, quickly surpassing the 10% market share mark. Additionally, LIOC has captured a significant portion of the market, accounting for 17% of the diesel distribution market share and 18% of the petrol distribution market share.

For the first three months of 2024, SINOPEC has further expanded its presence, reaching a 13% market share in petrol distribution. This suggests a dynamic and competitive landscape in the fuel distribution sector in Sri Lanka, with multiple players vying for market share.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.

Copyright © 2024 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.